Bitcoin (BTC) is trading around $95,500–$96,000 today, November 17, 2025, after one of its sharpest pullbacks of the year, following an October peak above $126,000. [1]
The market is digesting a rare combination of technical breakdowns, record ETF outflows, and macro jitters — and sentiment has flipped from euphoria to extreme fear in just a few weeks. [2]
Bitcoin Price Today at a Glance (November 17, 2025)
- Spot price: ~$95,600 per BTC at the time of writing. [3]
- 24-hour range: Roughly $93,000 – $96,500, reflecting elevated intraday volatility. [4]
- Weekly performance: About –10% over the last seven days, with BTC briefly tagging its lowest level since early May near $94,000. [5]
- From October high: Down roughly 25–30% from record levels above $126,000 set in early October. [6]
- Market mood: Crypto fear & greed gauges have slid into “extreme fear”, with readings near 10–17. [7]
Despite a modest bounce off Sunday’s lows, Bitcoin remains under heavy pressure and has erased its year‑to‑date gains, according to multiple macro-focused reports. [8]
What Just Happened? From $126K Euphoria to a $600 Billion Comedown
In early October, BTC surged to a new all-time high in the $123,000–$126,000 range, fuelled by strong ETF inflows, Wall Street adoption and optimism around pro‑crypto policies. [9]
Since then:
- Bitcoin has dropped around 30% from its peak, with one market update noting it has fallen from “above $126,000 to below $94,000” in a little over a month. [10]
- Bloomberg estimates that roughly $600 billion in market value has been wiped out from Bitcoin’s peak levels. [11]
- Sunday’s trade saw BTC near $93,700, down about 1.6% on the day, according to Reuters. [12]
Macro factors are amplifying the move. A series of trade and tariff comments from the Trump administration rattled global markets earlier this month, with one Bloomberg‑syndicated report noting that Bitcoin’s slide below last year’s closing price came as risk assets repriced those remarks. [13]
In other words: this is not just a crypto story — it’s tied into broader risk‑off sentiment across stocks, rates and FX.
Death Cross Confirmed: Technical Damage Deepens
Technically, Bitcoin has just triggered one of the most closely watched bearish signals in crypto:
- Several analyses confirm that BTC’s 50‑day moving average has now crossed below its 200‑day moving average, forming a classic “death cross.” [14]
- BTC is now about 25% below its October all‑time high and roughly 24–25% off its year‑to‑date top around $126,400, according to forex and derivatives research. [15]
While a death cross is traditionally viewed as bearish, historical studies highlighted by CoinDesk and Pintu show that prior death crosses in this cycle often coincided with local bottoms, with notable rebounds over the following 2–3 months in past episodes. [16]
Still, short‑term technicals are clearly under pressure:
- On lower timeframes, BTC is trading below key short‑term moving averages, and several indicator dashboards (RSI, MACD, trend gauges) skew “sell” or bearish for the week ahead. [17]
- Analysts point to a falling trend channel and a completed double‑top pattern near $107K as evidence that the recent surge has given way to a more sustained correction. [18]
Bottom line: technicals now argue for caution, even if some cycle-focused analysts still see this as a shake‑out within a broader bull market.
ETF Outflows, Liquidations and “Extreme Panic”
A big part of today’s narrative revolves around institutional flows and leveraged traders:
- AMBCrypto notes that Bitcoin spot ETFs are on track for their second‑largest monthly outflows on record, with around $2.3 billion in redemptions already this month and the potential to surpass February’s all‑time record near $4 billion if the trend continues. [19]
- Blockhead reports that institutional investors pulled nearly $2 billion from crypto funds last week, helping drive Bitcoin to six‑month lows and its steepest weekly decline since May. [20]
- A daily market wrap from CoinCentral highlights that over $900 million in crypto positions were liquidated in 24 hours, affecting roughly a quarter‑million traders as BTC slipped below $94,000. [21]
Sentiment data paints the same picture:
- AMBCrypto and multiple dashboards show the Crypto Fear & Greed Index sliding to the low‑teens (around 10–17) – firmly in “extreme fear.” [22]
- Cryptonews’ live blog frames today’s tape as “BTC below $95K as extreme panic grips the crypto market,” echoing the broader fear in derivatives and spot flows. [23]
For now, the combination of heavy ETF outflows, long‑term holder selling and forced liquidations is keeping a lid on any sustained bounce.
Key Support and Resistance Levels Traders Are Watching
Across today’s analyses, several price zones keep recurring:
Short‑term support
- $93,000 – $95,000: A cluster of reports call this the immediate support band BTC is testing right now. [24]
- $90,000: Widely seen as psychological support and a key breakdown threshold; several forex and derivatives desks flag this as the next major downside target if current support fails. [25]
Deeper downside zones
- Some technical and on‑chain studies point to potential accumulation areas in the $74,000–$82,000 band, with a few longer‑term cycle projections even mapping out a possible $54,000–$60,000 downside if a full multi‑year correction plays out. [26]
Overhead resistance
- $98,000–$100,600: Multiple analysts agree that reclaiming this band is essential to neutralise the current downtrend. As long as BTC trades below it, bears retain the advantage. [27]
- Tactical resistance also appears at $95,500, $96,600, then $97,200–$98,500, with several trading desks highlighting repeated rejections in this zone. [28]
In short: $93K–$95K is the floor to watch today, and $98K–$100K is the ceiling BTC bulls need to punch through to change the conversation.
Macro Wildcard: FOMC Minutes and the Fed
On top of technical and positioning stress, this week brings a major macro catalyst: Federal Open Market Committee (FOMC) minutes.
- A BitcoinWorld analysis warns that a test of $90K becomes more likely if the Fed minutes sound more hawkish, with tech stock weakness, fading ETF inflows and long‑term holder selling already weighing on BTC. [29]
- The same piece outlines key levels from derivatives firm Bitunix:
- Short‑term support: $93,000–$95,000
- Breakdown target: $89,600
- Resistance: $100,200 and $107,300 in a more constructive scenario. [30]
In risk assets like Bitcoin, tighter monetary policy and higher real yields typically suppress speculative flows, while any hint of dovishness (or “higher for not much longer”) could spark a relief rally.
Are We in a New Bear Market or a Bull‑Market Correction?
Opinion is sharply divided.
Bearish camp
- A widely followed “Mr. Wall Street” trader argues that Bitcoin’s cycle top is already in at $126,000, describing the current structure as the start of a multi‑year corrective phase with major support zones at $74K–$82K and a possible long‑term accumulation area as low as $54K–$60K by late 2026. [31]
- Blockhead’s technical model suite (TradingView gauges plus InvestTech algorithms) now flashes an overwhelming “sell” bias, citing failed resistance retests, falling momentum, and negative volume balance. [32]
More constructive camp
- Research highlighted by Pintu and CoinDesk shows that previous death crosses in this cycle often coincided with local bottoms, with median returns turning positive over 2–3 months in many historical cases. [33]
- BraveNewCoin notes “hidden bullish divergences” on several momentum indicators and sees potential for a short‑term corrective bounce toward $107K if BTC can hold above $90K and reclaim the $98K region. [34]
In other words, the data supports both caution and patience: structurally, this could be either the start of a deeper bear phase or a violent but ultimately healthy reset inside a longer bull cycle.
What Today’s Move Means for Traders and Long‑Term Holders
Nothing in today’s tape changes the core reality: Bitcoin remains an extremely volatile, high‑risk asset.
For short‑term traders, today’s setup is characterised by:
- Wide intraday ranges (multi‑thousand‑dollar swings around $95K). [35]
- Clear “line in the sand” levels: $93K–$95K support vs. $98K–$100K resistance, with a potential air pocket down toward $90K and below if support fails. [36]
- Elevated liquidation risk, especially for highly leveraged positions, given the recent $900M+ in wiped‑out contracts in just one day. [37]
For long‑term investors, key takeaways from today’s news flow include:
- Macro and flows matter: ETF outflows, institutional positioning and Fed policy are currently as important as on‑chain metrics. [38]
- Death cross ≠ guaranteed crash: Historically, similar technical signals have sometimes preceded strong medium‑term rebounds, but there’s no certainty this time will be the same. [39]
- Sentiment is washed‑out, not dead: Extreme fear readings occasionally mark attractive long‑term entry points — but they can also persist for months in drawn‑out bear phases. [40]
As always, this article is informational only and not financial advice. Bitcoin can be extremely volatile, and any decision to buy, sell or hold should be based on your own research, time horizon and risk tolerance.
Quick FAQ: Bitcoin Price on November 17, 2025
What is the Bitcoin price right now?
At the time of writing on November 17, 2025, Bitcoin is trading around $95,500–$96,000, with today’s range roughly between $93,000 and $96,500 depending on the data source. [41]
Why did BTC drop so hard from October highs?
A mix of factors: profit‑taking after new all‑time highs, weakening macro risk appetite, heavy ETF outflows, long‑term holder selling, and large derivatives liquidations have all contributed to the 25–30% drawdown from October’s peak above $126K. [42]
Is Bitcoin now in a bear market?
Some analysts say yes, pointing to the death cross, broken supports and deep drawdown; others argue BTC remains in a longer‑term bull regime as long as it holds above key on‑chain cost‑basis levels and the 50‑week EMA over time. [43]
What levels are most important this week?
Most short‑term analyses emphasise $93K–$95K support, $90K psychological support, and $98K–$100K resistance, with FOMC minutes potentially determining which side breaks first. [44]
References
1. ycharts.com, 2. ambcrypto.com, 3. www.coingecko.com, 4. twelvedata.com, 5. www.blockhead.co, 6. www.coindesk.com, 7. pintu.co.id, 8. m.economictimes.com, 9. www.bloomberg.com, 10. coincentral.com, 11. www.bloomberg.com, 12. www.reuters.com, 13. m.economictimes.com, 14. www.coindesk.com, 15. www.dailyforex.com, 16. www.coindesk.com, 17. www.blockhead.co, 18. www.dailyforex.com, 19. ambcrypto.com, 20. www.blockhead.co, 21. coincentral.com, 22. ambcrypto.com, 23. cryptonews.com, 24. cryptorank.io, 25. www.dailyforex.com, 26. thecryptobasic.com, 27. bravenewcoin.com, 28. www.blockhead.co, 29. cryptorank.io, 30. cryptorank.io, 31. thecryptobasic.com, 32. www.blockhead.co, 33. pintu.co.id, 34. bravenewcoin.com, 35. twelvedata.com, 36. www.blockhead.co, 37. coincentral.com, 38. ambcrypto.com, 39. www.coindesk.com, 40. ambcrypto.com, 41. www.coingecko.com, 42. www.bloomberg.com, 43. thecryptobasic.com, 44. cryptorank.io


